House prices in the UK on the rise?

And interesting article on the BBC website today talks about how house prices were higher last month than they were a month before. It’s interesting because the increase is a month-on-month increase rather than a gradual increase which could be attributed to seasonal frustrations. Here’s what the trend looks like:

Interesting, isn’t it? Well, there’s also a quote from an economics expert who maintains:

“With the housing market still overvalued, activity still at levels which would normally result in falling prices, and unemployment still rising, we expect house price falls to resume in 2010.”

Pity the future isn’t as easy to read as running it under a barcode scanner; but it will be fun to see what happens.